ADB Loan For Good Cause: Bakht

Thiruvananthapuram, January 24: | Updated: Jan 25 2003, 05:30am hrs
Not an inch of public interest was compromised in availing the Rs 601.32 crore first trache of ADB (Asian Development Bank) loan, Kerala Governor Sikander Bakht announced in the Assembly on Friday. The agreement with ADB, released in the House, in the ensuing days in the session will show `the collossal misdirection' of the `unceasing tirade' in the previous session of the Assembly, he said.

He appealed to all to bury the political hatchet for raising the maximum resources for development. During the Ninth Plan (1997-2002), out of a total of Rs 36,159 crore, which was disbursed by the Centre under external aid, Kerala had got only Rs 295 crore, a paltry 0.8 per cent of the total disbursements. In per capita terms, against a national average of Rs 70.42, the State's share was only Rs 18.55.

Part of the funds under the ADB loan will go as fiscal first-aid to the exchequer. But the lion's share is for a package of schemes that reflect State's critical priorities, meeting the goals mentioned for State in Tenth Plan and the recently announced Kerala Development Plan (KDP). This includes schemes like asset renewal of hospitals and schools, improving health care delivery, rehabilitation of water supply schemes in panchayats, social service scheme for the destitute, rehabilitation of labour, implementing a local self government action plan, improvement of public delivery systems and the upgradation of the government machinery itself, Mr Bakht said.